2822 Nottingham Way

Investment Highlights

Located at a lighted intersection near all major retailers. Anchored by a Aldi supermarket.

Executive Summary

Owner just reduced price by $300K. This NNN leased property is leased to national and regional recession proof Tenants. Anchored by Buffalo Wild Wings. The 13,500sf center is occupied by BWW, Medcare Medical Clinic, Mariner Finance, and other local tenants. Located within 1/2 mi of Albany Mall and other National retailers including Walmart, the center is shadow anchored by Aldi. Kohls and a 8screen cinema is across the street. This is truly a Class A location with multiple possibilities to add value. Owner is from out of state.

• Sale Type    Investment
• Sale Conditions    1031 Exchange 1031 Exchange Build to Suit Building in Shell Condition 1031 Exchange
• Property Type    Retail
• Property Subtype    Storefront Retail/Office Storefront Retail/Office General Retail Convenience Store General Retail Restaurant General Retail Storefront Storefront Retail/Office
• Building Size    14,939
• Building Class    C
• Year Built    2007
• Price    3,425,000
• Price Per SF    229
• Cap Rate    6.72
• NOI    230,000
• Percent Leased    100
• Building Height    1 Story
• Building FAR    0.17
• Land Acres    2.04 AC